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Security National Financial Corp. Message Board

  • gm_veteran gm_veteran Feb 19, 2013 1:53 PM Flag

    Why fell off 20%?? Accounting issue or bad news coming?

    What is happening?

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    • It went up too far too fast, it had a problem at 15 so that's why I left, I said that I would buy if it hit 9.00, that was sort of a dreamy number, however I was close. It's the same amoung of shares, 10,000. You've got to like a firm with 7.00 in cah trading for 10.00 that has three divisions all of which are in boring industries. The bottom line however is in the income statement, they're growing, and quickly.

      As to the sell off, someone sold a bunch and then it triggered stop loss orders, or so it would seem.

    • The bubble burst, my friend. A lot of us made a lot of money very quickly. Eventually the price hit a climax and we held to the maxim: Sell when you're happy, buy when you're sad. The price is now such that it makes me sad; thus I have bought back into this beautiful little company, and I expect to make a decent return in the next 3 months - if not much longer.

      Sentiment: Buy

4.75-0.02(-0.42%)Jun 24 4:00 PMEDT